NC Advantage

Great Savings and Service for You.

A nonprofit corporation that works with the North Carolina State Education Assistance Authority (a state agency), CFI offers the lowest cost loans we possibly can for you.

Our benefits are easy to understand and to receive.

CFI also offers you personal attention and easy access. We've been in Raleigh for more than 50 years to serve North Carolina's students and families. Our office handles questions on all loans we hold from start to finish of the loan process .Your calls are never transferred to another city or location with which you have no previous history or contact.

You'll always know how and where to reach us. You can come by or call us toll free at 866-866-CFNC whenever you have questions.

• No origination or federal default fees.
• Interest rate reduction of .25% if you make monthly payments by automatic draft**. (Sign up now if you are in or starting repayment).

• No federal default fee.
• Interest rate reduction of .25% if you make monthly payments by automatic draft**. (Sign up now if you are in or starting repayment).

Apply Online:
Parent PLUS Loan or
Graduate/Professional PLUS Loan

or Download form:
Parent PLUS Loan or
Graduate/Professional PLUS Loan.

• No origination or federal default fees.
• Immediate interest rate reduction of 1% for on-time payment when you start repaying your loan.*
• Interest rate reduction of 1.5% if you make monthly payments by automatic draft** and elect to receive electronic statements. Sign up now (if you are in or starting repayment).

• No federal default fee and a 3% credit of the amount borrowed following the academic year in which your loan is first disbursed.
• Immediate interest rate reduction of 0.75% for on-time payment when you start repayment.* And, if you are a Graduate/Professional PLUS Loan borrower, the on-time rate reduction begins even when you have an in-school deferment.
• Interest rate reduction of 1.25% if you make monthly payments by automatic draft** and elect to receive electronic statements. Sign up now.

Apply Online:
Parent PLUS Loan or
Graduate/Professional PLUS Loan

or Download form:
Parent PLUS Loan or
Graduate/Professional PLUS Loan.

• No origination or default fees.
• Interest rate reduction of .50% if you make monthly payments by automatic draft** and elect to receive electronic statements. Sign up now.

• No origination fee or service charges.
• For balances under $60,000, interest rate reduction of .30% if you make monthly payments by automatic draft** and elect to receive electronic statements. For balances of $60,000 and above, interest rate reduction of .40% if you make monthly payments by automatic draft** and elect to receive electronic statements. Sign up now.

Determination of the amount and availability of benefits on new loans is generally made on an annual basis and may be subject to change at any time. Benefits on loans, once received by a borrower, remain in effect for the life of those loans as long as the borrower continues to meet the associated eligibility requirements, as permitted by law.

*The on-time benefit starts immediately at repayment and allows you a full year to get on track. During in-school deferment period, Graduate/Professional PLUS Loan borrower automatically receives benefit for on-time payment. The automatic on-time benefit will be cancelled retroactively for any Stafford or PLUS Loan borrower who reaches 210 days past due during the first year of repayment without making a payment or taking any other preventative action to avoid default. A PLUS Loan borrower who reaches 210 days past due at any time during repayment will also be held responsible for repayment of any credits previously applied under the NC Advantage.

**The automatic draft and electronic statement benefit will be cancelled in the event a total of 3 automatic drafts are rejected for insufficient funds.